The ruble depreciated against the dollar for the first day in three and yields on Russia’s international debt rose as European data curbed appetite for riskier assets. The Russian currency lost 0.3 percent to 32.1701 per dollar, heading for its biggest loss since July 23. The country’s $3.5 billion of dollar notes due April 2020 fell, increasing the yield by eight basis points, or 0.08 percentage point, to 3.173 percent. Today’s report from the European Commission in Brussels will probably confirm its index of household sentiment in the euro area declined to an almost three-year low in July, according to economists in a Bloomberg News survey. The European Union is Russia’s largest trading partner. The ruble gained 0.3 percent to 39.5108 per euro and was little changed at 35.4301 against the central bank’s target dollar-euro basket. Investors increased bets on the currency weakening, with non-deliverable forwards showing it at 32.6569 per dollar in three months, compared with expectations of 32.535 per dollar on July 27. To contact the reporter on this story: Jack Jordan in Moscow at jjordan22@bloomberg.net To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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